Where does ING DIRECT Australia invest its money? Is my money safe?
ING Bank (Australia) Limited trading as ING DIRECT Australia invests your money within Australia. ING DIRECT primarily invests in high quality Australian mortgages and it also holds highly liquid government and other bank securities within Australia as part of its liquid asset portfolio. ING DIRECT Australia does not invest in shares. ING DIRECT Australia has no exposure to the US market and we do not lend to non-prime or non-conforming borrowers. ING Bank (Australia) Limited holds an Australian Banking licence and our operations are regulated by the Australian Prudential Regulation Authority (APRA). Our Standard & Poor’s AA credit rating is exactly the same as the big 4 Australian banks and we invest all our money in high quality Australian assets.
ING Bank (Australia) Limited trading as ING DIRECT Australia invests your money within Australia. ING DIRECT primarily invests in high quality Australian mortgages and it also holds highly liquid government and other bank securities within Australia as part of its liquid asset portfolio. ING DIRECT Australia does not invest in shares. ING DIRECT Australia has no exposure to the US market and we do not lend to non-prime or non-conforming borrowers. ING Bank (Australia) Limited holds an Australian Banking licence and our operations are regulated by the Australian Prudential Regulation Authority (APRA). Our Standard & Poor’s credit rating is AA-. and we invest all our money in high quality Australian assets.
